Bowden Is a Single Individual and Has the Following Income

question 16

Multiple Choice

Bowden is a single individual and has the following income (loss) for the current tax year:
$\begin{array}{lr}\text { Salary } & \$ 85,000 \\\text { Dividends and interest } & 24,000 \\\text { Actively managed rental property } & (23,000) \end{array}$
What is Bowden's adjusted gross income for this year?

• A)$ 85,000
• B)$ 86,000
• C)$ 88,500
• D)$ 89,500
• E)$109,000

---

Definitions:

Salvador Dalí

was a Spanish surrealist artist known for his eccentric and dream-like paintings, sculptures, and other creative works.

Joan Miró

A Spanish painter, sculptor, and ceramicist born in the 20th century, known for his surrealist works that blend fantasy with abstract elements.

Orphic Painting

A style of abstract painting influenced by Cubism that emphasizes the interplay of colors and forms to create a sense of depth and dynamic movement.

Aviation

is the development, production, and operation of aircraft, encompassing both commercial and military aspects of flying.